Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can I claim a parking benefit in addition to my transit benefit if I park at a park and ride, and commute using mass transit?

0
Posted

Can I claim a parking benefit in addition to my transit benefit if I park at a park and ride, and commute using mass transit?

0

Yes. If you use transit, and pay for parking at a park and ride facility, you can claim both expenses as a tax benefit as long as you do not exceed the limits for each benefit. Thus, if you take the train for $230/month and pay $230/month for the park and ride, you can use up to $460/month of your salary before taxes through the Commuter Tax$ave Program to pay for your commuting expenses.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123